$TON [TONUSDT] Breakdown Reversal or Dead Cat Bounce? Key Level in Play!
Current Price: $2.9387 (-3.38%)
TONUSDT took a beating from $3.05 to $2.86 but is now showing signs of life. Price has reclaimed the $2.93–2.94 zone with strong short-term volume. Is this a bounce with legs or just a pause before more downside?
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15-Min Chart (Short-Term View):
Price rebounded from $2.86, printed a higher low.
Volume spike + bullish candles — signs of accumulation.
EMA7 crossing EMA25 upward.
Stoch RSI: 66, RSI: 66 → good short-term momentum.
Needs to flip EMA200 ($2.957) to confirm short-term trend reversal.
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4H Chart:
Price trying to recover after sharp drop.
RSI rising from 43 → early recovery signs.
Stoch RSI turning up from oversold.
MACD starting to flatten out → bearish pressure fading.
$2.98–3.00 = major resistance zone to watch.
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1D Chart (Macro):
Breakdown from $3.05 still dominant.
However, today’s candle is reclaiming EMA7 and trying to recover above key EMAs.
Stoch RSI is 100 → already overbought short-term.
RSI at 63 → room to move, but overextension possible.
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Market Sentiment:
Short-term trend: Bullish recovery
Medium-term trend: Still bearish unless above $3.05
Rebound probability: 60%
Pullback/rejection at $2.98–$3.00: 35%
Breakout above $3.05: Needs strong volume
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Trade Setup:
Entry on pullback: $2.90–2.93
Breakout entry: Above $2.97–2.98
Targets: $3.00 – $3.05 – $3.12
Stop-loss: $2.86
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#TONUSDT is approaching a critical decision zone. Will it break the trend or fall flat? Watch closely and trade smart!